Sherman Park
Land | 7.44 acres
Marketing description
The State of Indiana is offering for sale, via sealed bid
auction, a 7.44-acre portion of Sherman Park. This is an
uncommon infill redevelopment opportunity for vacant land
in Indianapolis that can be developed on its own, in parts, or
as an assemblage once the remediation effort has achieved its
goal.
Positioned for an entrepreneurial buyer, investor, developer,
speculator, and/or owner-occupier, as the C-S zoning district
designation provides flexibility by permi ing the broadest
range of land use choices within a single district, with potential
to be a catalyst for economic growth for the Near Eastside.
Investment highlights
Tracts E & G, Sherman Park
Brownfield site with ongoing remediation and incentives potential
Zoned C-S, Special Commercial District
Reasonable access to the I-65 and I-70 North Split, the most heavily traveled interchange in
central Indiana, serving 220K motorists each day
*Please Note: The property is subject to use restrictions and institutional controls by two layers
of environmental restrictive covenants (ERC’s) recorded in 2012 and 2014. Per public information,
the site is ready for industrial development once the remediation effort has achieved its goal of
cleaning up to industrial levels. The western majority portion of the site is not suitable for
residential or green space/park reuse without significantly higher remediation efforts, while the
eastern minority portion of the site could be suitable for other reuses besides industrial. The
subject parcel currently has limited public access or right of entry. The buyer will be responsible
for gaining legal access to the property. Ingress/Egress permits may be submitted to the local
municipality with jurisdiction or the Department of Transportation and approved or denied at their
sole discretion. No assurance of such a permit is expressed or implied. Documents are available on www.IndianaStateSurplus.com.
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